The consequences of the credit crisis that controls the financial markets since 2007 and has escalated lately are up till now well manageable for the local financial institutions and the situation in the Netherlands Antilles. Recent contacts of the Bank of the Netherlands Antilles (BNA) with the local financial sector reveal that, states the BNA in a press release today.

BNA-director Alberto Romero indicated last week that the financial crisis in the US can influence the local economy. The bank apparently feels compelled to reassure that the situation is controllable. “Most of our institutions have not invested directly in this market. The investment rule the Bank has instituted, which binds institutional investors to restrict their investments abroad, also plays an important part.”

BNA will continue to closely follow these developments and will take appropriate measures and inform the public, if reasons for this present itself. The financial crisis does not only have influence on the United States, but also has big impact on the economy of several other countries, explains the BNA. “As a result of this crisis, many financial institutions feel the need for liquidity. Banks however are hesitant to loan each other money and they look for safer sources”, said the BNA.

“As security agent of our monetary system and supervisor of the financial sector in the Netherlands Antilles, the Bank of the Netherlands Antilles follows these developments on a daily basis and has regular contact with the institutions under her supervision as well as with foreign supervisors, so she can anticipate the possible consequences of this crisis on our institution in an early stage.”

WILLEMSTAD - On the 22nd of April 1944, during World War II, the Consulaire Corps Curaçao was born. The 75th anniversary of the Corps was celebrated with a reception on 23 May 2019. The Governor of Curaçao, the Prime Minister, members of the Corps and many other dignitaries were present.